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Online Dental Equipment Financing: Compare Options

Benjamin PimentelNovember 21, 2019

At NerdWallet, we strive to help you make financial decisions with confidence. To do this, many or all of the products featured here are from our partners. However, this doesn’t influence our evaluations. Our opinions are our own.

SmartBiz and Funding Circle provide online dental equipment financing for small-business owners.

Easily get real, personalized small business loan rates to compare -- not just ranges or estimates.

It's free and won't affect your credit.

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on Fundera's website

Our pick for

SBA loans for strong businesses

SmartBiz - SBA loan

SmartBiz - SBA loan

Est. APR

9.28 - 10.52%

Min. Credit Score

650

SmartBiz’s low-cost SBA loans work best for established businesses that want to finance an expansion or refinance debt.

Pros

  • Competitive rates among online lenders.
  • Faster than getting an SBA loan from a bank.

Cons

  • Must have strong financials, supported by personal and business tax returns for the past 3 years.
  • Stringent rules on use of proceeds.
  • Requires business lien and personal guarantee.
Read full review

Qualifications

  • Minimum credit score: 650.
  • Minimum time in business: 2 years.
  • Minimum annual revenue: $50,000.
  • No bankruptcies or foreclosures in the past 3 years.

Our pick for

Competitive borrowing costs

Funding Circle - Online term loan

Funding Circle - Online term loan

Est. APR

11.67 - 36.00%

Min. Credit Score

620

Funding Circle is an option for established businesses that are financing an expansion or refinancing debt.

Pros

  • Cash can be available within 3 business days.
  • Competitive rates among online lenders.
  • No minimum revenue requirement.

Cons

  • Requires business lien and personal guarantee.
Read full review

Qualifications

  • Minimum credit score: 620.
  • Minimum time in business: 2 years.
  • Minimum annual revenue: None.
  • No bankruptices in the past 7 years.

Easily get real, personalized small business loan rates to compare -- not just ranges or estimates.

It's free and won't affect your credit.

Get Started

on Fundera's website

Summary of Online Dental Equipment Financing: Compare Options

LenderBest ForEst. APRMin. Credit Score
SmartBiz - SBA loan

SmartBiz - SBA loan

SBA loans for strong businesses

9.28 - 10.52%

650

Funding Circle - Online term loan

Funding Circle - Online term loan

Competitive borrowing costs

11.67 - 36.00%

620

LenderBest ForEst. APRMin. Credit Score
SmartBiz - SBA loan

SmartBiz - SBA loan

SBA loans for strong businesses

9.28 - 10.52%

650

Funding Circle - Online term loan

Funding Circle - Online term loan

Competitive borrowing costs

11.67 - 36.00%

620

SBA loans for strong businesses: SmartBiz

SmartBiz offers the least expensive online small-business financing, mainly because it specializes in U.S. Small Business Administration-guaranteed loans. SmartBiz offers SBA loans of up to $350,000 with an annual percentage rate of 8.53% to 9.83%.

Evan Singer, CEO of SmartBiz, says dental practices have also turned to his company to get better financing deals. “We’re seeing a lot of dentists refinance high-interest debt with our loans right now,” he says. Lowering your overall monthly payment means better cash flow.

For competitive borrowing costs: Funding Circle

Funding Circle offers financing for major expenditures at dental practices, such as buying or replacing dental chairs, says Mike Rabil, the lender’s vice president of partnerships. The chairs alone represent a large investment, he says, noting that “in a busy practice, these chairs are exposed to a significant amount of daily wear and tear.”

Funding Circle is a good option if your dental practice has been in business around two years and your finances are in solid shape.

Compare small-business loans

NerdWallet has created an interactive tool of the best small-business loans to meet your needs and goals. We gauged lender trustworthiness, market scope and user experience, among other factors, and arranged them by categories that include your revenue and how long you’ve been in business.

Last updated on November 21, 2019

To recap our selections...

NerdWallet's Online Dental Equipment Financing: Compare Options